Numis upbeat after float work

Michael Bow is a reporter at City A.M. covering private equity, funds, investments and asset managers. He can be reached on michael.bow@cityam.com

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Michael Bow

BROKER Numis yesterday said its second half performance was better than it was a year ago, boosted by more initial public offerings and its bookrunning on the float of Foxtons.

The company said its corporate client base had also increased as more and more businesses sought advice. The upbeat assessment comes after the firm posted a big increase in revenues for the first half of the year. It reports full year numbers in December.